Developing: Rupert Murdoch Considers Stepping Down As Head Of News Corp., COO Chasey Carey To Replace Him

Some breaking news out of Bloomberg TV which has just announed that Rupert Murdoch may step down as CEO of News Corp. contingent on his perfomance before parliament tomorrow, and that News Corp COO Chase Carey is being considered as his replacement.

A decision hasn’t been made and a move depends on Murdoch’s performance before Parliament Tuesday, said the people, who weren’t authorized to speak publicly. Murdoch would remain chairman, the people said.

Executives are concerned Murdoch, 80, won’t do well answering questions, two people said.